Hyperliquid becomes a star on the way to the top 10 with a 14% week rise to the star-Hype token
- Hyperliquid rose by 14% in a week and approaches the top 10 with strong trading volume and positive technical indicators.
- The MacD crossover and the RSI over 70 signal a persistent momentum, but analysts warn against short-term volatility outputs.
Hyperliquid (hype) shows signs of strong market acceleration and became one of the biggest winners in the cryptocurrency room this week. The token climbed by 10.89 % in the last 24 hours and 9.37 % a week, which brought its price to $ 41.22 according to the latest data.
These profits have brought hype to 11th place in the global cryptocurrency ranking after market capitalization, which is now estimated at around $ 13.76 billion. With Cardano (ADA), which currently holds the 10th place with $ 25.05 billion, Hyperliquid reduces the distance and is approaching the top 10 threshold for the first time.
The increase takes place in a generally stable market environment. Bitcoin (BTC) and Ethereum (ETH), the two largest digital assets, recorded a lower increase of 1.49 % or 8.59 % within 24 hours. Other important tokens such as XRP, BNB and Solana recorded profits of less than 3.5 %. In contrast, the positions of stable coins such as USDT and USDC remained unchanged, which illustrates a trend of capital rotation into volatile assets such as hype.
Market activity and trading volume
Hyperliquid’s merchant data reflects a strong investor interest. The token recorded a 24-hour trade volume of 439,8 Millions US-Dollarwhich indicates enormous activity on the stock exchanges. The circulating offer currently amounts to 333.92 million, which contributes to its liquidity profile and supports active participation from both private and institutional dealers.
Despite a minor hourly price decline of 0.83 %, the market dynamics in favor of continuing growth remains inclined. Analysts attribute this development to both speculative interest and positive technical indicators that signal the potential for further upward movement.
MacD and RSI indicate a continuation of theHaving movement
The MACD indicator (Moving Average Convergence Divergence) has confirmed an interest bullic crossover on the technical front. The MacD line is now 2.8178 and thus above the signal line at 2.7538. A histogram value of 0.0639 indicates that the market mood changes from consolidation to a renewed purchase interest.
The relative strength index (RSI) is 71.11 and thus slightly above the generally accepted threshold of 70 for overbought. Increased RSI values usually cause a setback to be feared, but can also confirm a persistent upward dynamics in connection with a strong trend. This constellation was observed in previous phases of the outbreak in various cryptocurrencies.
Hype recently overcome the $ 36 resistance brand and is now approaching the $ 44 brand, which is the next psychological and technical resistance. If he breaks through this brand with a strong volume, this could trigger a further upward movement and accelerate the growth of its market capitalization.
Hypes top 10 ambitions
The distance between Hype and ADA in market capitalization is still large, but not unreachable if the current dynamic continues. Since many large -scale values move sideways, hyperliquid is in a cheap position due to its constant performance in order to continue to rise.
Nevertheless, the analysts warn that market conditions are still inconsistent. Overbought signals and a lack of wider macroeconomic catalysts can lead to short -term volatility. The ongoing observation of price behavior and trade volumes will be crucial to assess whether hype can maintain its current course.
No Comments